SciGames sets up sportsbook sale or IPO
Scientific Games strategic review Open questions: The company has decided to divest its lottery and sports-betting businesses in order to rapidly shrink its long-term debt and zero in on a…
Penn National Q2 pre-announcement
The top line Revenues for the three months to June will range between $1.45bn-$1.55bn while adjusted EBITDAR will be between $540m-$580m. At the midpoint for each they represent growth of…
Canada gets its TAM
Canada sports-betting bill Northern exposure: The news that Bill C-218 had passed the Senate with room to spare and will be signed into law within days means Canada’s sports betting…
Churchill Downs analyst initiation
My Old Kentucky Home: Macquarie have initiated coverage of Churchill Downs with an outperform rating, citing the iconic status of the Kentucky Derby (c25% of company EBITDA generated in a…
DraftKings analysts mount Hindenburg defense
DraftKings analyst reaction Come at the King: No one involved in the sector would have been surprised by much that was in the Hindenburg short-selling attack yesterday on DraftKings. Allegations…